PRESS RELEASE

Sierra Nevada Corporation Completes Dream Chaser® Space System Certification Plan Review Passes CCiCap Initiative Milestone 7

Sparks, Nev., January 30, 2014 – Sierra Nevada Corporation (SNC) today announced the company recently completed its Certification Plan Review for the entire Dream Chaser® Space System(DCSS). This major accomplishment represents Milestone 7 under its Commercial Crew Integrated Capability (CCiCap) agreement, the third phase of development under NASA’s Commercial Crew Program (CCP) to develop privately owned and operated crew vehicles to access low-Earth orbit. In passing Milestone 7, the DCSS has successfully completed one of the most critical milestones on the road to Dream Chaser full design certification and outlined how SNC would operate its first crewed flight to the International Space Station (ISS).

In this milestone, SNC and NASA reviewed the overall certification strategy, and verification and validation activities for the DCSS. The DCSS systems certification review included the Dream Chaser spacecraft, the Atlas V launch vehicle, and ground and mission systems, all of which must work together before the spacecraft can transport humans.  SNC delivered nearly 6,000 pages of technical support documentation and successfully met the exit criteria in its agreement for Milestone 7. The passage of this milestone confirmed SNC’s integrated certification strategy, process and plans are now complete, further documenting that the DCSS design is maturing toward compliance with the functional, performance and interface requirements to operate in its intended environments.

“The completion and validation by NASA of Milestone 7 is a major step in leading us to our first crewed, orbital flight of the Dream Chaser Space System,” said Mark Sirangelo, corporate vice president and head of SNC’s Space Systems. “We have now completed 70 percent of our CCiCap contract.  With each day, each test, and each successful milestone passing, we are moving one step closer to restoring America’s place as a leader in human spaceflight building the nation’s next generation crew transportation system.”

SNC is working with NASA’s Commercial Crew Program to develop an innovative, modern, flexible and highly-capable crew transportation system for the 21st Century. The DCSS provides the only reusable, lifting-body human-rated spacecraft with a commercial runway landing capability, anywhere in the world. The DCSS is on the forefront of the commercial human spaceflight industry, offering safe, reliable and cost-effective crew and critical cargo transportation to low-Earth orbit.

About Sierra Nevada Corporation’s Space Systems

Sierra Nevada Corporation’s Space Systems business area based in Louisville, Colo., designs and manufactures advanced spacecraft, space vehicles, rocket motors and spacecraft subsystems and components for the U.S. Government, commercial customers as well as for the international market.  SNC’s Space Systems has more than 25 years of space heritage and has participated in over 400 successful space missions through the delivery of over 4,000 systems, subsystems and components. During its history, SNC’s Space Systems has concluded over 70 programs for NASA and over 50 other clients. For more information about SNC’s Space Systems visit www.sncspace.com.

 About Sierra Nevada Corporation

Sierra Nevada Corporation (SNC), headquartered in Sparks, Nev., is one of America’s fastest growing private companies based on its significant expansion and reputation for rapid, innovative, and agile technology solutions in electronics, aerospace, avionics, space, propulsion, micro-satellite, aircraft, communications systems and solar energy. Under the leadership of CEO Fatih Ozmen and President Eren Ozmen, SNC has a workforce of over 3,000 personnel in 30 locations in 16 states. SNC’s six unique business areas are dedicated to providing leading-edge solutions to SNC’s dynamic customer base.

SNC is also the Top Woman-Owned Federal Contractor in the United States. Over the last 30 years under the Ozmen’s leadership, SNC has remained focused on providing its customers the very best in diversified technologies to meet their needs and has a strong and proven track record of success. The company continues to focus its growth on the commercial sector through internal advancements and outside acquisitions, including the emerging markets of renewable energy, telemedicine, nanotechnology, cyber and net-centric operations. For more information on SNC visit www.sncorp.com.